By Thom Hartmann

The American banking industry is back and more dangerous than ever before.

According to the FDIC, U.S. banks posted a record $40.3 billion profit in the first three months of the year.

This staggering profit tops the previous first-quarter profit record that was set more than six years ago, before the financial crisis and big-bank caused Bush Great Recession.

So, now that the big banks have fully recovered from the financial crisis that they themselves caused, and are raking in massive profits yet again, you would think that they’d be extra careful not to cause another financial meltdown, right?

Wrong.

It’s appears that big bank Bank of America is up to the same old dirty tricks that helped contribute to America’s financial meltdown in the first place.

According to the American Banker magazine, Bank of America is using a misleading sales pitch and a flood of fine print to sell you and me on mortgage refinancing plans.

The American Banker reported Monday that a mailer in New Jersey from Bank of America, “sounds eerily like a sales pitch from the bubble days of 2005.”

Read More You Wouldn’t Believe Bank of America’s Latest Scam | Alternet.